Bellevue Group AG Cuts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Bellevue Group AG trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 35.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270 shares of the medical instruments supplier’s stock after selling 150 shares during the quarter. Bellevue Group AG’s holdings in Mettler-Toledo International were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Geo Capital Gestora de Recursos Ltd grew its holdings in Mettler-Toledo International by 120.0% in the first quarter. Geo Capital Gestora de Recursos Ltd now owns 22 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 12 shares during the last quarter. Graves Light Private Wealth Management Inc. acquired a new position in Mettler-Toledo International during the fourth quarter valued at $34,000. Alpha Paradigm Partners LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at $43,000. Childress Capital Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at $49,000. Finally, Penserra Capital Management LLC lifted its position in Mettler-Toledo International by 44.1% during the fourth quarter. Penserra Capital Management LLC now owns 49 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 15 shares during the period. 92.10% of the stock is currently owned by institutional investors and hedge funds.

MTD opened at $1,300.39 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $747.02 and a fifty-two week high of $1,339.38. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 7.70. The firm has a fifty day moving average price of $1,267.50. The stock has a market capitalization of $30.26 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 6th. The medical instruments supplier reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.61 by $0.95. The company had revenue of $804.39 million during the quarter, compared to analysts’ expectations of $753.89 million. Mettler-Toledo International had a net margin of 20.19% and a return on equity of 195.99%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.00 earnings per share. On average, analysts predict that Mettler-Toledo International Inc. will post 31.83 earnings per share for the current year.

In other news, Director Robert F. Spoerry sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the director now owns 7,299 shares of the company’s stock, valued at $9,488,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider La Guerroniere Marc De sold 5,985 shares of the business’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $1,300.00, for a total transaction of $7,780,500.00. Following the sale, the insider now directly owns 958 shares of the company’s stock, valued at approximately $1,245,400. The disclosure for this sale can be found here. Insiders have sold 14,235 shares of company stock valued at $18,125,175 in the last three months. Corporate insiders own 3.00% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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